Insurance Journal's Academy of Insurance
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Join us for this webinar led by Nancy Germond, President of Insurance Writer based in Phoenix, AZ.
Can't make it Thursday? Register now and we'll send you the recording.
According to some insurers, many water damage claims are “the new arson” of this decade. The fact is, about 14,000 people per day experience a water damage emergency each day, whether at home or at work. The average annual cost to insurers is estimated at $2.5 B for water damage and mold claims in the US. The average claims cost averaged just under $7,000 from 2010 to 2014, according to the Insurance Information Institute. Yet next to wind and hail, water damage and freezing claims are the second most frequent homeowners’ claims. This course will explore some of the ways insurers can mitigate water damage events pre-loss, mitigate post-loss, and investigate and defend the water damage claim.